10 May 2013 03:30 [Source: ICIS news]
TAIPEI (ICIS)--Indonesia’s Polyprima aims to restart its 500,000 tonne/year purified terephthalic acid (PTA) unit at Cilegon in Jawa in early June, a source from shareholder Indorama Ventures said on Friday.
He was speaking to ICIS at the sidelines of the Asia Petrochemical Industry Conference (APIC 2013), which is being held in Taipei on 9-10 May.
The restart has been delayed by over one year as Indorama has been conducting modification work at some key facility, the source said.
Indorama Ventures acquired a 50% share in Polyprima in 2011.
The PTA plant was kept idle since October 2007 because of financial problems with Polyprima prior to the acquisition.
The majority of the new PTA output will be fed into a new downstream 300,000 tonne/year polyester staple fibre plant at Purwakarta, which is expected to be put into operation in August-September, and the balance will be mainly shipped to China, the source said.
“We keep our sales strategy flexible, but we will only sell at the prices that can cover our cost,” the source added.
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